Micronesia
FMThe Federated States of Micronesia is a sovereign state in free association with the United States whose national taxes, including a quarterly gross revenue tax on businesses, are set in Title 54 of the FSM Code; no VAT, invoicing format or e-invoicing obligation was found in the sources reviewed.
Guide reviewed .
Invoicing and electronic documents
National gross revenue tax returns
Businesses file quarterly gross revenue tax returns and pay the tax to the national revenue officer in the State where they have their principal place of business, or to the Secretary of Finance and Administration. This is a tax return, not an invoice exchange, and has no link to Peppol.
Return in the form the Secretary prescribes · Official source: FSM Department of Finance and Administration · FSM Code Title 54, chapter 1, Taxation of Wages, Salaries and Gross Revenues (2014 edition)
The FSM is a freely associated state, sovereign and self-governing, and its Congress sets national taxes. National taxes are in Title 54 of the FSM Code. For most businesses the main one is the quarterly gross revenue tax, which requires accurate records but prescribes no invoice format.
A VAT and Net Profits Tax have been proposed, but no law was found in the sources reviewed, so watch DoFA's announcements. There is no Peppol Authority, and no national e-invoicing network was found in the sources reviewed.
Legal guide
Applicable law
FSM national lawThe FSM Department of Finance and Administration (DoFA) publishes the national tax law as chapters of Title 54 of the FSM Code, covering revenue administration, the wages, salaries and gross revenue taxes, the corporate income tax regime, customs and penalties.
Official source: FSM Department of Finance and Administration · legislationGross revenue tax
In force; quarterly returnsBusinesses pay $80 a year on the first $10,000 of taxable gross revenue and 3% a year on taxable gross revenue above that; businesses with gross revenue of not more than $2,000 a year are exempt. Returns and payment are due by the last day of the month after each quarter (30 April, 31 July, 31 October and 31 January), with a separate return for each State in which a business operates. Every business must keep accurate records open to inspection and audit.
Official source: FSM Department of Finance and Administration · FSM Code Title 54, chapter 1, Taxation of Wages, Salaries and Gross Revenues (2014 edition)Tax reform
Proposed; no law foundDoFA reported on 23 December 2025 that the National Tax Reform Task Force had completed consultations in all four States on a proposed Net Profits Tax and Value-Added Tax that would replace a number of existing taxes. The article names no bill, law or start date.
Official source: FSM Department of Finance and Administration · National Tax Reform Task Force wraps up consultationsE-invoicing
No e-invoicing obligation found in the sources reviewedThe DoFA legislation list and the gross revenue tax chapter set no invoice format, invoicing rule or e-invoicing requirement.
Official source: FSM Department of Finance and Administration · legislation
Timeline
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Gross revenue tax definitions amended
Public Law 4-81 took effect, adding to the definitions used by the wages, salaries and gross revenue tax chapter of Title 54. This is the earliest exact effective date stated in the current chapter.
Official source: FSM Department of Finance and Administration · FSM Code Title 54, chapter 1, Taxation of Wages, Salaries and Gross Revenues (2014 edition)
Peppol in Micronesia
- Directory participants
- Not recorded
- Document families
- Not recorded
Peppol Authority: OpenPeppol.
Peppol Directory data as of .
How to read these numbersDocuments on Peppol
No document-support data has been published for this country.
Registrations over time
No registration history has been published for this country.
Registration dates in the current Directory snapshot.
Participants
No participants are recorded for this country in the Directory snapshot. This does not establish absence from Peppol.